Solar Panel Cost Guide in Old Tappan, NJ (Feb 2023)
- Old Tappan Solar Installation Cost: $9,055
- 25-Year Savings: $8,950
- Payback Period: 12.6 Years
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Top Solar Installers in Old Tappan
Although it's possible to install solar panels on your own, it involves extra time and expertise. For that reason, most people choose to hire a solar panel installer. The expertise that solar installers offer can be helpful as well, especially if you aren't sure what type of solar equipment you need.
If you're searching for a solar installer in Old Tappan, we've organized a list of our top suggestions here:
See all of the solar companies in Old Tappan
Factors that Affect Solar Panel Costs in Old Tappan
For many Old Tappan homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Old Tappan, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The model of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Old Tappan homeowners decide to finance their solar panel systems to offset upfront costs. Though solar loans make going solar more accessible for Old Tappan homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Old Tappan, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
|System size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$2.88||$12,099||$11,055||13.1 years|
|8 kW||$2.83||$15,822||$15,050||12.8 years|
|10 kW||$2.77||$19,390||$19,200||12.6 years|
|12 kW||$2.71||$22,803||$23,506||12.3 years|
|14 kW||$2.66||$26,060||$27,967||12.1 years|
|16 kW||$2.60||$29,163||$32,582||11.8 years|
|18 kW||$2.55||$32,110||$37,353||11.6 years|
|20 kW||$2.49||$34,902||$42,279||11.3 years|
How to Save on Solar Panels
The solar panel company you opt for will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
EcoWatch's Old Tappan, NJ Solar Cost FAQs
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.